Walmart, Microsoft, Disney Slash Jobs As Trump Tariffs, AI Push Corporate America Into Layoff Mode

Benzinga
2025.06.06 10:43
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Corporate America is facing significant layoffs due to economic pressures from President Trump's tariffs and the rise of artificial intelligence. Procter & Gamble plans to cut 7,000 jobs, Microsoft has laid off 6,300 employees, Walmart reduced 1,500 positions, and Disney cut several hundred jobs. Citigroup also announced 3,500 job cuts in China, primarily in IT services.

Corporate America is experiencing a surge in layoffs as companies respond to economic pressures from President Donald Trump’s tariff policies and artificial intelligence adoption reshaping workforce needs.

What Happened: Procter & Gamble Co. PG revealed Thursday it will eliminate 7,000 jobs over two years, representing 15% of its non-manufacturing workforce, reported CNBC. Microsoft Corp. MSFT cut 6,000 positions globally in May, followed by an additional 300 layoffs this week, totaling approximately 3% of its workforce.

Walmart Inc. WMT reduced 1,500 positions across technology and e-commerce divisions, while The Walt Disney Co. DIS cut several hundred employees worldwide from film and television units. Citigroup Inc. C announced 3,500 job cuts in China, primarily affecting IT services.

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